Fantastic review of Escaping the Growth Curse!
MD, investor and NED | Connecting forward thinking risk management, ESG principles, new leadership methods and technology to deliver sustainable long-term value
What has derailed some of the most successful companies, such as Enron, Nokia, the once-mighty GE or, more recently, Boeing and FTX Exchange? Is it bad luck, bad apples or malfeasance? Or are these symptoms of a deeper problem, brought about by pressures from conflicted investors and a short media cycle, of over-reliance on a simple but flawed measure of success - #Growth? Could a lack of long-term strategy and poor relationships between management and the board plant the seed of a company’s downfall by crystallizing conflicts of interest to tempt executives and NEDs to following the deceptively "easy" path? In "Escaping the Growth Curse: The Path to Stronger Corporate Strategy", the latest seminal work by Keeley Wilson and Yves Doz you find a guide to indicators that warn of impending problems, plus a blueprint for successful business building in the modern age, against the complex pressures of #climatechange, #governance, #valuecreative #riskmanagment, #businessethics and #social pressures. These (genuinely) award-winning authors boldly challenge the ubiquitous heuristic that any short-term #growth is good even at the expense of a company's long-term viability. They spotlight the #conflictsofinterest between the short-term personal goals of senior executives or investor targets and the larger, deeper benefits of allowing maturing companies to change and grow at a pace and in a way that supports wider economic and stakeholder success. These conflicts can lead to poor Governance (from simple failure to foster a culture of challenge at Nokia to zero Risk Management at FTX) and thus poor strategic decision making. They provide further examples of how poor culture leads to poor strategic outcomes and potential disaster. With a call to arms by Jill Ader, former Chair of Egon Zehnder, to face up to these indicators and address the #culturegap between board and executive team, #escapingthegrowthcurse charts a course to a #sustainablebusiness future in a world of increasing complexity. Particularly in this new phase of exuberance about the possibilities of #AI to take on complex tasks and the debate about the possible pitfalls, it is critical reading for all in #leadership, #strategy, #board, #innovation and #investmentmanagement roles. This summer, make this book the foundation of your #strategicrenewal; rethink how you can demonstrate true #thoughtleadership in this modern age of business linked to sustainability goals; and rediscover the core principles of good business that often have been sidelined in the scramble for short-term, superficial and often value-destructive measures of success. By the way, it is also a cracking good read... Note: published by Berrett-Koehler Publishers in the US and distributed in the UK by Penguin Random House | 企鹅兰登 https://lnkd.in/esjJDpWf
